Anthony Pompliano Urges US to Print $250B for Bitcoin Reserve
- Linda HamiltonOriginal
- 2024-11-20 10:34:171012browse
Bitcoin advocate Anthony Pompliano has called for the United States to allocate $250 billion for a Bitcoin Strategic Reserve.
Cryptocurrency advocate Anthony Pompliano has proposed that the United States allocate a quarter of a trillion dollars to a Bitcoin Strategic Reserve. This announcement comes as Bitcoin recently surged to an all-time high of over $94,000.
Pompliano's proposal entails printing $250 billion and using the entire amount to purchase Bitcoin as a financial safeguard against the devaluation of the dollar. He suggests that this move would serve as a hedge against inflation, given Bitcoin's limited supply of 21 million coins.
The Bitcoin advocate had also previously opined that Donald Trump needed to create the Bitcoin reserve seeing as other countries like El Salvador and Bhutan are warming up to it.
In his recent statement, Pompliano highlights the growing interest among corporations in holding Bitcoin on their balance sheets. He cites MicroStrategy's performance in 2024 as an example of how Bitcoin ownership could benefit entities facing currency devaluation. He argues that nation-states should follow suit, emphasizing that early adoption would allow the U.S. to secure a substantial share of the finite digital currency.
Potential Impact of a $250 Billion Bitcoin Purchase
Bitcoin advocate Anthony Pompliano has proposed that allocating $250 billion to Bitcoin could enable the United States to acquire approximately 1.6 million BTC, assuming an average purchase price of $150,000 per Bitcoin. Combined with the reported 200,000 BTC already in U.S. possession, this move would make the United States the largest Bitcoin holder globally, with a reserve of 1.8 million BTC.
The call for action comes amid increasing discussions among policymakers and financial leaders about Bitcoin’s role in national reserves. Senator Cynthia Lummis has already proposed the creation of a Bitcoin Strategic Reserve, while President-elect Donald Trump has expressed support for starting with existing government-owned Bitcoin.
The above is the detailed content of Anthony Pompliano Urges US to Print $250B for Bitcoin Reserve. For more information, please follow other related articles on the PHP Chinese website!